EURUSD SECOND LONG PHASE

27 thg 5, 2022

Last week EURUSD started an impulse which continued into this week starting from 1.05500 to 1.07400 breaking resistance which is now support at 1.06300. From the chart we can see the broken structure (RTS) was in confluence with the 50% of the fib taken on the impulse and price tested it successfully providing a double bottom to support the bias. We should expect price to continue to at least 1.08500.